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Sure enough, customer adoption was lower than hoped for, and cash was flying out the door.
FORBES: The 'Freemium' Fallacy
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Asked about reports that AbdulMutallab paid for his ticket in cash and was flying only with hand luggage, Akerboom said neither would have necessarily raised any alarms.
CNN: Dutch, Nigerians to use full body scans for air travelers
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Mr. ROBERT MANN (Airline Analyst): The objective is to stop instances of flying where they fly at a cash loss.
NPR: Airlines Cut Unprofitable Flights as Fuel Prices Rise
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Thankfully for America, it entered restructuring with a significant cash cushion and the stigma of flying on a bankrupt airlines has evaporated over the years, so operations have continued more or less as normal.
FORBES: MF Global, American Airlines Top 2011's Biggest Bankruptcies
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The airline, grounded since Oct. 1 because of a cash crunch, had also lost its flying license after it failed to produce an operational plan to the government.
WSJ: AirAsia to Start Hiring For India Venture
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However, confirming what Venture Capitalists know well, Japan still is the second-largest mobile market in terms of revenues, plus the second-largest advertising market with an accelerating pick-up in e-commerce, especially among high-spending young adults (even Rakuten, a high-flying Japanese domestic e-commerce site, is flush with cash and looking to expand to foreign markets).
FORBES: The Japan Market and the Dilemma of the Global Hyper-Growth Start-Up
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Over the past five years, I've reported on topics from tourism in Sierra Leone to flying boats in British Columbia to the earning power of Hip-Hop Cash Kings like Jay-Z, interviewing personalities from Dr. Ruth to 50 Cent in the process.
FORBES: Zack O'Malley Greenburg - The Beat Report - Archive
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Sure, you don't need to waste fuel flying around an empty airliner, but even the company's small jet can burn through quite a bit of cash.
ENGADGET: Visualized: JetBlue and ViaSat test Fly-Fi in-flight WiFi... from the ground